Freddy is fine and happy in his puddle. He leaves every evening and comes home every morning, except when he doesn’t. But most days we get to say good morning to him.
Good morning, Freddy!
What was it that she and Billie Joe was throwing off the Tallahatchie Bridge?
Let’s say we have $1,000 invested in the stock market. The price goes down 50%. Bummer. A day later, the price goes back up 50%. Cool. We just made our money back. Right?
Nope. It’s all about the base. In dollar amounts, we lost $500 by losing 50% of $1,000 on the way down. But on the way back up, we only got back $250 by gaining 50% of the $500 base the price had fallen to.
Over the long term, the stock market has always trended up, in spite of its short-term fluctuations. When the market is on the way back up after a loss though, we need to see much better percentage gains than the losses we saw on the way down for us to get back even to where we were before.
We are going to get back even to where we were before, right?
It’s not uncommon for people to not like the way they look in photographs. They’re fine with how everyone else looks, but they’re just not happy with their own appearance, even when everyone else tells them they look good.
Turns out there is a solid reason for this. How we see other people is not the same as how we see ourselves. People are not symmetrical. One side of a face looks different from the other. We see everybody else as they actually are. We only see ourselves when we’re looking in a mirror. We think we look like the mirror image of ourselves and when we see the true picture, it doesn’t resonate. Amazing but true!